Move With An Eye On U.P Elections, Says Akhilesh Yadav

Uttar Pradesh Chief Minister Akhilesh Yadav has hit out at the Centre’s decision to demonetize ₹500 and ₹1000 notes

Uttar Pradesh Chief Minister Akhilesh Yadav has hit out at the Centre’s decision to demonetize ₹500 and ₹1000 notes and has claimed that this move has been taken by the BJP government in view of the upcoming Uttar Pradesh elections.

“This is not a permanent solution,” said Akhilesh Yadav. “I hear that govt is also planning to bring in Rs 2000 denomination notes. This might further aide stacks off black money. Poor people, farmers, vendors should not face problems because of this sudden decision by govt,” he stated.

Akhilesh also added that the decision was taken in a hurry.

“We are also against black money, pollution and corruption. But this decision was taken in a hurry. The government should have discussed the proposal in the Rajya Sabha and the Lok Sabha,” stated Akhilesh.

The Prime Minister on Tuesday announced that ₹500 and ₹1000 notes will not be considered legal tender from November 9 and new ₹500 and ₹2000 notes will be issued from November 10, 2016.